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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (13519)10/15/2004 6:36:46 PM
From: kormac  Respond to of 116555
 
Mr. Greenspan should take a short course in thermodynamics. History is not a good guide to what is happening today. We have used one half of conventional oil. It is the better half, light and sweet. The second half is more sour and heavy. He also forgets the Pareto principle. The first 80 percent required only 20 percent of the effort.